Business Modelling

Al-Debei and Avison (2010) define a business model as an abstract representation of an organization. This may be conceptual, textual, and/or graphical, of all core interrelated architectural, co-operational, and financial arrangements designed and developed by an organization presently and in the future, as well all core products and/or services the organization offers, or will offer, based on these arrangements that are needed to achieve its strategic goals and objectives.[1] This definition indicates that value proposition, value architecture, value finance, and value network articulate the primary constructs or dimensions of business models.[3]